The other day Bancor project managed to raise 396720 ETH within three hours – approx. 156 million dollars.
This is the largest ICO ever!
They aim to create a new generation of cryptocurrencies called Smart Tokens.
4 types of Smart Tokens provide the opportunity to implement new types of monetary models, applications, value networks such as local currencies, project tokens, decentralized index funds and much more.
- Token changers
Token changers are smart tokens that can be used to exchange between other standard ERC20 tokens that are held in their reserve.
- Token baskets
Token baskets are smart tokens that hold multiple standard ERC20 tokens in their reserve, enabling holding a portfolio of tokens by holding a single smart token.
- Project and protocol tokens
Smart tokens can be used for crypto-crowdfunding initiatives, where participants receive tokens which are liquid and automatically market-priced.
- Complementary currencies
Smart tokens enable anyone to issue new, liquid currencies for their group. There are many examples of user-generated currencies, such as complementary currencies, loyalty points, B2B barter, and more recently, blockchain protocol tokens.
Bancor seriously decreases the threshold of the entrance to the ICO world. Anyone can create their own token and launch ICO simply by answering a few questions.
We have listed $BNT/$BTC trading pair.